Christian Living Resources Living Well Money

4 Ways to Save and Spend Wisely

In our current economy, most people want to save money and spend wisely when they do have to spend. However, the fact remains that it’s fun to spend money, and impulse buys sometimes cloud our judgment. If you struggle with how to spend and save wisely, these tips may help.

Clip Coupons

Your mom and grandma probably did this for years, and they were definitely onto something. Grab the Sunday paper and watch for weekly ads. Take advantage of double coupon days or specials such as “meal deals” where you can get a main course, side dishes, and dessert for a reduced price. Save coupons for your favorite store over time so you can spend less and buy more.

Use Your Freezer and Other Appliances

Although a freezer is initially expensive, it’ll save you money in the long run. Even the smallest freezer means you can buy in bulk and save food over time. This also opens you up to more cooking and leftover possibilities. Similarly, a crock pot may be a bit expensive, but these machines can cook large, healthy meals that can be used for long periods.

Take Advantage of Clearance Sales

Remember those after-Christmas sales on clothes, furniture, and other goods? Clearance sales are a fantastic time to shop because prices are drastically reduced. Additionally, you can save what you buy for next year so your clearance items will feel like new.

Ask Yourself, “Do I Need This?”

It may seem like a cliché, but this is what you should be asking every time you go into a store. Be especially vigilant around your guilty pleasures. For example, if you love to read, ask, “Do I need to buy this new release right now? Will it be here next month?” Usually the answer is yes. If you don’t need it, walk away.